Biodiesel Activity

Crude oil dropped more than $2 per barrel to $57.26 on EU concerns. This was enough to power HO futures lower as well. HO dropped nearly 6 cents to $1.93 per gallon. Normally this would have been enough to send the bean oil/heating oil spread soaring. However, soybean oil futures have been having trouble adjusting to their recent lofty level. SBO futures…